#Write2Earn $BTC Bitcoin breaks the $50,000 barrier. It hadn't done so for more than two years.
Cryptocurrencies are getting back on track. After the records of 2021, they had their own annus horribilis in 2022, but the sector has been recovering in recent months. The best proof is that bitcoin has been giving us, which yesterday again surpassed $50,000 in value, something it hadn't achieved for more than two years.
One BTC at (more than) $50,000. The cryptocurrency has already grown in value by 16.3% so far this year, and yesterday Monday it reached its highest value since December 27, 2021. At 18:56 CEST the cryptocurrency reached the level of $50,000 and surpassed that psychological barrier for the first time after more than two particularly complex years full of scandals and debacles. The first time it surpassed that value was in February 2021, but then bitcoin fell significantly to temporarily rise again
Other cryptos follow in the wake. As is often the case in this area, the increases were widespread and other cryptocurrencies also rose significantly throughout the day yesterday. Ethereum has risen by 5.79% in the last 24 hours according to CoinMarketCap and Solana by 7.18%.
And the exchanges are also on the rise. The first to benefit, in addition to investors, were the exchanges that are listed on the stock exchange, which also saw their shares rise significantly. Coinbase rose by 4.9%, while mining companies Riot Platforms and Marathon Digital rose by 10.8% and 11.9% respectively. MicroStrategy, which has been accumulating bitcoins for months, rose by 10.2% on the stock market.
Two factors: first, ETFs. The increases are mainly motivated by two factors. First, the approval of bitcoin-based ETFs, which allow conventional investors to access these products. Although after their launch there was a drop in the value of bitcoin and other cryptocurrencies, things have recovered since then.
